Credit card bans introduced in Ireland. - page 2.

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Quote from: Johnyz on August 31, 2021, 06:06:53 PM

Quote from: blockman on August 31, 2021, 04:54:31 PM

People from there can simply use their credit cards to buy cryptocurrencies and deposit them to a bookie that's supported in their country. That's just one way and for sure that gamblers there will find several ways to continue what they've been doing.
At least on their government, they're showing that they care for those people that just kept on using their credit cards in gambling. There's two factor that's being done, stopped them from using their credit cards unwisely and controls them to become addicted.

No one can stop you if you are really into gambling since there's a lot of options that you can choose from if you really want to gamble, its just that you can't borrow money from the banks using their credit cards directly for your gambling activities, but there's still away. This is a good move from the Ireland government, many credit card holders are irresponsible they are using their cards beyond their control, which makes them drowning in big debts.

There will be a bunch of ways if you're the type of gambler that has no one to stop you. We all knew that whenever somebody is attached to gambling despite government stoppage or ban, they'll surely find a lot of ways to do it. It's a part of disciplinary action from the government and probably they're fed up with those people that have shared their gambling problem with their government and one of the actions that they've chosen to do is to ban the usage of credit cards for their balance credential to the casinos.

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With all these shortcomings of fiat services thanks to regulators this should be an opportunity for crypto service providers in this sector to come up with crypto cards that will work without boarders to avoid these artificial walls of spending money however we like. But then again this could be done in the best interest of the finance providers as they might be finding it difficult to recover their money's especially like in our times of the pandemic which has seen a drop in the workforce and productivity.

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Indirectly this policy will still be an obstacle for gambling who wants to make a deposit and even wants to make a withdrawal. When credit cards don't allow prikan from gambling casinos, then how do people in Ireland make deposits and withdrawals?
Are there other payment alternatives that can be used to overcome it all. Although it is indeed a step to avoid borrowing money for gambling, can this not have an impact on other financial sectors?

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Quote from: Peanutswar on September 02, 2021, 06:29:47 AM

This is kind of good move because they limit the users to make an exceed gambling habit to their daily limit but i guess its better if they made changes such as the age bracket and the annual income limit like if you are such as a millionaire and you want to gamble like that you need to become not part of the card bans, or else they make a VIP system for the top tier gambler they have so still they can enjoy the game. But i guess if we are talking about credit cards there's a chance they will borrow unless they are just using their debit cards.

This might only the way they think to not letting a gamblers drowned from a debt because of exceeding usage of the credit cards for gambling. A thought of using a credit card for gambling were definitely not a good idea, using a money you do not have in an unsure future of money were risky I mean personally I couldn't think that I could lend money from a bank for my gambling activities. And personally, I don't also want the sense of having a credit card because it's just giving a person a confident to borrow a money that on the first place they don't have it to spend.

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Quote from: xSkylarx on September 01, 2021, 07:11:16 AM

Quote from: leea-1334 on September 01, 2021, 03:13:56 AM

Credit cards are a big problem even here where I live, people just spending money they actually do not have.

Well you have really a point spending the money that you will be paying it later on. well that is really the purpose of credit card since people likes not bring money and using their card and pay it though it is still okay but when you reach your spending limit then thats not good really since you really spend a lot of money which youve reach it. You will really sink into debts and having hard time in paying it.

Also important to point out I think that this system of credit exists also on a much wider scale. Credit was initially made for businesses,,, supermarkets and shops that used credit to stock up their shelves, and only pay back when they had money/income after selling goods to people. Retail credit is another beast, the expectation is to pay from salaries but ten years ago they issued credit cards to people without salaries:)

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Quote from: Peanutswar on September 02, 2021, 06:29:47 AM

This is kind of good move because they limit the users to make an exceed gambling habit to their daily limit but i guess its better if they made changes such as the age bracket and the annual income limit like if you are such as a millionaire and you want to gamble like that you need to become not part of the card bans, or else they make a VIP system for the top tier gambler they have so still they can enjoy the game. But i guess if we are talking about credit cards there's a chance they will borrow unless they are just using their debit cards.

I don't think this could have a huge impact on the gambling industry and the gambler but this will not solve and stop gambling addiction as we can still make use of fiat. This serves alarming for the credit user but this will not worry those who haven't used it. What see is that they will just encourage people not to use credit which I think is a good idea but not in a way to help keep them away from gambling.
Sooner or later, they will unban this thing as they realize that it never gives help. It is not necessary, IMO.

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This is kind of good move because they limit the users to make an exceed gambling habit to their daily limit but i guess its better if they made changes such as the age bracket and the annual income limit like if you are such as a millionaire and you want to gamble like that you need to become not part of the card bans, or else they make a VIP system for the top tier gambler they have so still they can enjoy the game. But i guess if we are talking about credit cards there's a chance they will borrow unless they are just using their debit cards.

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Quote from: acroman08 on September 02, 2021, 02:12:50 AM

I never really understood why the government allowed the usage of credit card to gamble online. I mean, the people who use credit card to gamble basically uses a borrowed money to gamble. some people might see it as normal but it just doesn't seat right with me.

Well, it is an easy way for consumers to actually input funds inside their gambling accounts. I reckon it was initially allowed because of what I said initially, the easy access, plus the fact that they didn't think that it would even be used as such. I guess they overestimated gamblers. Kidding though, I reckon it's still a way for credit cards to profit so they just let it be, but probably with the increasing amount they had to do something. It's a good decision yes, but hey, initially, money won the decision making.

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Isn't it logical to prevent credit card gambling since the start? As that will promote borrowing money in order for people to gamble, and they end up getting drowned in debt way faster than they thought they could because they are enjoying to play and are thinking that they can easily recoup their losses. Once you are in front of the PC and playing the hell out of your mind, you will not really think much about where you're getting the money from, leading to absurd amount of debts that you will be having a hard time to pay.

Overall I think this is just rightful IMO. If they ban buying crypto with credit cards, they should also ban gambling using credit cards as it is more accessible and riskier than the former.

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Quote from: acroman08 on September 02, 2021, 02:12:50 AM

I never really understood why the government allowed the usage of credit card to gamble online. I mean, the people who use credit card to gamble basically uses a borrowed money to gamble. some people might see it as normal but it just doesn't seat right with me.

anyway, looks like Spain is doing a similar thing, at least in the advertising part(saw a thread regarding Spain banning gambling ads on sporting events).

We do not know the reason, but I think maybe online gambling gives gamblers options so they can use their credit card to deposit some money. But the risk will be bigger for the gambler as they will not know how to control their money but at the end of the month, the gambler needs to pay the money they use for gambling. If they can win, they can surely pay the credit but if it is not, they will meet the company that will ask about paying the credit card cost.

Although it is late for the government, they are doing the right thing for their people and protecting them from losing big money from gambling by using credit cards. Hopefully, that can open their people's eyes that they should not treat gambling to make money.

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I never really understood why the government allowed the usage of credit card to gamble online. I mean, the people who use credit card to gamble basically uses a borrowed money to gamble. some people might see it as normal but it just doesn't sit right with me.

anyway, looks like Spain is doing a similar thing, at least in the advertising part(saw a thread regarding Spain banning gambling ads on sporting events).

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Quote from: fiulpro on August 30, 2021, 12:10:19 PM

Bookmakers have agreed to an industry wide ban on credit cards apparently they are a part of an updated code of safe gambling practices introduced by IBA. Therefore if you do live in Ireland then you have to take care of these things. It will be both applicable in online and offline shops.

Quote

The advertising ban meanwhile will be before 9pm, and will run from five minutes before the live sporting event until five minutes after, but will not include horse racing or greyhound racing.

Also not just that they have a whistle to whistle advertising ban being introduced.

Quote

“We recognise that there is a need for the industry to continue to develop the highest of standards for safer gambling,” said Byrne. “We believe in particular that the credit card ban and the 'whistle-to-whistle' advertising restrictions are significant steps on that path.

These might be a very good fit for the safer gambling regulations which is going to be there soon enough in Ireland.

Quote

“This Code is not the answer to problem gambling and we believe there is more that can be done within the forum provided by a regulator. However, we believe that these measures continue the journey the industry has been on in recent years, to ensure standards are increased for all.”

Source : https://www.gamblinginsider.com/news/12963/credit-card-and-whistle-to-whistle-bans-introduced-in-ireland

they are getting pulse of the people , but i don't think that this will be in place .. Credit cards are people's obligation and if you take this away from them then you are also taking their rights to choose and their rights to obligatory purpose.
i am also a gambler that use my credit cards sometimes and i know my rights and my obligations.
if they really want to make their people safer to gamble, then they must inplace only Live gambling and never let online for once.

Quote from: xypos on September 01, 2021, 10:29:53 PM

Great initiative I think.

Credit cards are one of the things which no one really likes.

WHAT? Bo one really Likes? lol why not admit that you are one wo cannot afford to use credit cards?

do you really know what you said? why there are millions or billions that use credit cards if they really not liking them?

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Great initiative I think.

Credit cards are one of the things which no one really likes. The regulators probably see it as a nuisance and one of the gateways to problem gambling, and the merchants themselves see it as a risky payment method that is prone to chargebacks.

Can't complain about the decision.

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I saw a video on YouTube about banning it, and I believe it is a serious problem in Ireland because people can easily gamble with their credit cards, which can lead to addiction and debts. They are taking this very seriously, they appointed a gambling regulator to oversee the implementation of the credit card ban. True, if you have credit cards, you can bet quickly, but the problem is that you will end up in debt, which is a problem for Irish gamblers. I believe that only those games in casinos are prohibited, as credit cards are not prohibited in horseracing.

https://www.youtube.com/watch?v=ZbWmJsIewJc&ab_channel=RT%C3%89News

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Quote from: Pmalek on August 30, 2021, 02:43:06 PM

If they are banning credit cards, what about debit or prepaid cards? They have also not mentioned anything about payment processors and how the ban will affect the use of those. A workaround (unless patched) could be to upload money into Skrill, Neteller, PayPal, or some of the other instant payment processors and then send those funds to a casino/sportsbook.

Basically are banning borrowed money, that is what I understood. Both Debit cards and prepaid cards use your own money so there is no need to ban them. This is good in a way that you do not fall into the debt trap. This is in a way protecting is protecting Irish gamblers from the debt trap but those who have already lived in it will not be happy with this new rule.

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Quote from: Saint-loup on August 31, 2021, 06:31:23 PM

Quote from: Baofeng on August 31, 2021, 05:05:28 PM

Quote from: tippytoes on August 30, 2021, 06:21:55 PM

Gamblers will always find a way how to bet on their sports. This is just one way to limit their credit card usage. Maybe, the government is also receiving complaints from these credit card providers so they take action where they have control over with. But I do agree that these regular gamblers, they can go beyond their means if they need to just to gamble.

I doubt that the credit card providers are going to complain to the governments because some holders are not paying or can't pay. It's not a lost for them, banks are big, it won't put a dent on their business, on the contrary it's a win-win for them. The only reason why governments are going this far is that they want to control gamblers, or at least not to get them addicted but I don't think it will work in the long run as gamblers will always go and beyond and find another way to continue playing with cold cash.

The other way to get around this measure could be by using cryptos. Then I like this kind of regulations against fiat gambling because it benefits to cryptocasinos and cryptosportsbooks at the end, and to crypto adoption more broadly speaking.

Yeah, it could be, but not sure if there are credit card providers that will allow you to buy crypto though (I tried once, but it didn't go through, besides I hear members saying that the banks are not allowing them). Maybe the best option is to buy crypto p2p.

Anyhow, the point is that they can't put a stop on this gamblers per se. They are 'invented' and will always find some loophole and exploit this ban and continue with their gambling.

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Quote from: Kyraishi on September 01, 2021, 05:18:01 PM

Quote from: milewilda on September 01, 2021, 03:42:24 PM

As a Casino owner then you wouldnt really mind off on where those funds came from or whats the source of those gamblers been using and the heck, why wouldnt really that matter? Its indeed a personal choice
and there's no other thing to be blamed but the user itself since its his own discretion or decision on using up his neither debit or credit card. You know the risk about spending over your limit
which would really be creating some serious problems later on if you didnt able to stop mid way or simply you had tolerate it out.

Actually, I think that casino owners care a bit more than that.

Credit cards inherently carry a charge back risk since they are a reversible payment method.

This is why you don't see any casinos accept paypal, for instance, because the payer could just claim that their account had been hacked. Same thing with credit cards, it is subject to a ton of fraud and carding activity.

You do got a point and i have observed it as well on why they dont really accept those common payment processors since payments could neither be indirectly making up some alibi
for them to get those amounts back which is definitely true.

On the side note this is my first time hearing out about credit card bans due to gambling addiction.

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Quote from: Kyraishi on September 01, 2021, 05:18:01 PM

Actually, I think that casino owners care a bit more than that.

Credit cards inherently carry a charge back risk since they are a reversible payment method.

This is why you don't see any casinos accept paypal, for instance, because the payer could just claim that their account had been hacked. Same thing with credit cards, it is subject to a ton of fraud and carding activity.

That's right, the reversal can be taken advantage of by those customers that will file disputes to their bank or credit card providers and that's just the same as those PayPal reversal transactions.
Without that much interaction, they'll just lie and tell a story that they didn't conduct that transaction and then the provider will just reverse the transaction.

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Quote from: milewilda on September 01, 2021, 03:42:24 PM

As a Casino owner then you wouldnt really mind off on where those funds came from or whats the source of those gamblers been using and the heck, why wouldnt really that matter? Its indeed a personal choice
and there's no other thing to be blamed but the user itself since its his own discretion or decision on using up his neither debit or credit card. You know the risk about spending over your limit
which would really be creating some serious problems later on if you didnt able to stop mid way or simply you had tolerate it out.

Actually, I think that casino owners care a bit more than that.

Credit cards inherently carry a charge back risk since they are a reversible payment method.

This is why you don't see any casinos accept paypal, for instance, because the payer could just claim that their account had been hacked. Same thing with credit cards, it is subject to a ton of fraud and carding activity.

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Quote from: bL4nkcode on September 01, 2021, 01:03:18 PM

Quote from: Lucasgabd on September 01, 2021, 08:57:10 AM

Quote from: Renampun on August 31, 2021, 04:21:14 PM

I've also read that many gamblers who use credit cards but ultimately can't afford to pay...

If a gambler is authorized to use a credit card in a casino then it will be very dangerous for the gambler as well as the credit card party. In this case, the lender will certainly be at a loss if the borrower is unable to pay their loan. One bad habit of gamblers is that it is difficult to pay loans

now here's the thing
who should be the responsibility for that?
the gambler who didn't control himself, the casino owner or the government?
I tend to believe we should make the people responsible for their decisions

It always end up to the client/user's fault, the casino owner is just doing business while accepting payment and gaining profit, the same time on the credit card party even the lender didn't pay (I guess for some reasons), government get tax from the casino. So, if the gambler is at loss while using the loan on gambling then, he will suffer it the end if he can't pay the loan amount.

As a Casino owner then you wouldnt really mind off on where those funds came from or whats the source of those gamblers been using and the heck, why wouldnt really that matter? Its indeed a personal choice
and there's no other thing to be blamed but the user itself since its his own discretion or decision on using up his neither debit or credit card. You know the risk about spending over your limit
which would really be creating some serious problems later on if you didnt able to stop mid way or simply you had tolerate it out.

Topic: Credit card bans introduced in Ireland. - page 2. (Read 897 times)